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Ron Paul Asks "Will The Swiss Vote To Get Their Gold Back?"
Submitted by Ron Paul via The Ron Paul Institute For Peace & Prosperity,
On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the SNB's assets. Arising from popular sentiment similar to movements in the United States, Germany, and the Netherlands, this referendum is an attempt to bring more oversight and accountability to the SNB, Switzerland's central bank.
The Swiss referendum is driven by an undercurrent of dissatisfaction with the conduct not only of Swiss monetary policy, but also of Swiss banking policy. Switzerland may be a small nation, but it is a nation proud of its independence and its history of standing up to tyranny. The famous legend of William Tell embodies the essence of the Swiss national character. But no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years.
The Swiss tradition of bank secrecy is legendary. The reality, however, is that Swiss bank secrecy is dead. Countries such as the United States have been unwilling to keep government spending in check, but they are running out of ways to fund that spending. Further taxation of their populations is politically difficult, massive issuance of government debt has saturated bond markets, and so the easy target is smaller countries such as Switzerland which have gained the reputation of being “tax havens.” Remember that tax haven is just a term for a country that allows people to keep more of their own money than the US or EU does, and doesn't attempt to plunder either its citizens or its foreign account-holders. But the past several years have seen a concerted attempt by the US and EU to crack down on these smaller countries, using their enormous financial clout to compel them to hand over account details so that they can extract more tax revenue.
The US has used its court system to extort money from Switzerland, fining the US subsidiaries of Swiss banks for allegedly sheltering US taxpayers and allowing them to keep their accounts and earnings hidden from US tax authorities. EU countries such as Germany have even gone so far as to purchase account information stolen from Swiss banks by unscrupulous bank employees. And with the recent implementation of the Foreign Account Tax Compliance Act (FATCA), Swiss banks will now be forced to divulge to the IRS all the information they have about customers liable to pay US taxes.
On the monetary policy front, the SNB sold about 60 percent of Switzerland's gold reserves during the 2000s. The SNB has also in recent years established a currency peg, with 1.2 Swiss francs equal to one euro. The peg's effects have already manifested themselves in the form of a growing real estate bubble, as housing prices have risen dangerously. Given the action by the European Central Bank (ECB) to engage in further quantitative easing, the SNB's continuance of this dangerous and foolhardy policy means that it will continue tying its monetary policy to that of the EU and be forced to import more inflation into Switzerland.
Just like the US and the EU, Switzerland at the federal level is ruled by a group of elites who are more concerned with their own status, well-being, and international reputation than with the good of the country. The gold referendum, if it is successful, will be a slap in the face to those elites. The Swiss people appreciate the work their forefathers put into building up large gold reserves, a respected currency, and a strong, independent banking system. They do not want to see centuries of struggle squandered by a central bank. The results of the November referendum may be a bellwether, indicating just how strong popular movements can be in establishing central bank accountability and returning gold to a monetary role.
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Careful now, slapping the elites in the face has proven to be quite hazardous to your national health, as a string of nations have learned these past few years.
i miss RP
Get your hypothicated gold back...if at all possible.
Sure we have your gold....can you describe it?
Only the color..., it's gold.
Sound mon-ey! (to the tune of Ri-co-la)
Everything nowadays is valued in confetti. We work for it, invest in it, get taxed in it, then wonder why when we retire that a loaf of bread cost so much confetti... Gold will never be used for money as long as the Jews are in power because they can't print it. They even print themselves Bitcoins for free now. Bit confetti! ! !
Why so hatred?
Their financial system has been invaded by the US.
The Swiss beach head (somewhere between Monteux and Geneva) was softened up for the Americans by the EU and ECB.
That's a FACTA, Jack.
It's true. The old boys of Zurich lived modestly, worked 12/6 and knew they had to answer to your grandma from Appenzell because she too was in the Genossenschaft. Yesterday's gone.
Educating yourself on how Bitcoin is created - strongly recommended.
my prediction is that bitcoin will certainly crash during the next financial crisis. but if the world can avoid world war, which would inevitably crash the internet, -----rendering bitcoin nodes useless------then bitcoin could maintain itself and persist slowly over 10 years or 20 years, slowly building its reputation and trustworthiness.
over 20 or so years, bitcoin could prove itself slowly and demonstrate its utility. a slow growth story would be a true successs for bitcoin .
the scam bubblers want bitcoin to triple in the next month. and that's why bitcoin right now is mostly useless.
some people say bitcoin is a payment system masquerading as a ponzi scheme, others say its a ponzi shceme masquerading as a payment system.
i think the best part about bitcoin is that right now it's possible to make a good case for either of the above statements. the latter being proven if bitcoin eventually gets destroyed.
"my prediction is that bitcoin will certainly crash during the next financial crisis. but if the world can avoid world war, which would inevitably crash the internet, -----rendering bitcoin nodes useless (...)"
If the internet had been destroyed, any other economic activity would have most likely also perished. Thus, the destruction of the internet could easily be the ultimate nail in humanity's coffin. How is this vulnerability specific to Bitcoin - I fail to see.
"then bitcoin could maintain itself and persist slowly over 10 years or 20 years, slowly building its reputation and trustworthiness."
The whole idea behind Bitcoin is to eradicate reliance on trust. This very word is almost always abused, as the "trust" in current financial system is forced in order for it to work. Actual definition of trust implies voluntary and ofern mutual relation. In present financial ecosystem you have no choice but to "trust" your bank, broker, etc. In bitcoin, the integrity of financial system is computationally guaranteed and mathematically provable.
"over 20 or so years, bitcoin could prove itself slowly and demonstrate its utility. a slow growth story would be a true successs for bitcoin ."
Bitcoin is a technology. It has striking resemblance to the Internet itself - like the internet it is a computer network. Try rephrasing your sentence: over 20 or so years, the internet could prove itself slowly and demonstrate its utility... Really?
"the scam bubblers want bitcoin to triple in the next month. and that's why bitcoin right now is mostly useless."
Again, I can't comprehend how the desire of some for its value to triple undoes the utility it provides as a payment network?
"some people say bitcoin is a payment system masquerading as a ponzi scheme, others say its a ponzi shceme masquerading as a payment system."
There are phrases that reveal one's utter ignorance as to how the bitcoin network operates. I would be grateful for pointing me to a line in bitcoin source code that implements its alleged Ponzi nature.
Enslavethechild;
Well did the EU, old Europe (the Free), UK, Australia, and USA addopt the Model of the Jews??
Did the Mechanism of Banking, the pre-selling of Morgages on the Secondary Market Cause the 2008 Global Financial Crisis?
Are these Techniques, Methods, Policies, Procedures of Jewish Banks and Usury known to be traced to Smart Jewish or Chinese Businessmen?? Could this have originated from Seafaring Phoneticians or other Highway, Seaway Traders?
Can we reach real conclusions now after history was destroyed repeatedly by empires as they destroyed civilizations.
If the Terms Naphta, Alcohol, and Lacquer trace back to Sumeria...and their laws carved in stone about slaves, adultery, stealing, murder, crops, trade, and commerce... could people from Mesopotamia have populated Israel, Egypt, and Europe and now control religions, Countries, the Holy See, and much of the world today through Seafaring Trade?
https://en.wikipedia.org/wiki/Code_of_Hammurabi
https://en.wikipedia.org/wiki/Code_of_Ur-Nammu
https://en.wikipedia.org/wiki/Naphtha
https://en.wikipedia.org/wiki/Lacquer
https://en.wikipedia.org/wiki/Kiln
https://en.wikipedia.org/wiki/Malt#Malting
...So where is all the Gold?
Get in fucking line.....
Mine is safely at the bottom of a nearby lake with my guns.....
Here is a picture of the last guy who tried to put his country on a gold standard:
http://i2.mirror.co.uk/incoming/article86897.ece/binary/the-body-of-colo...
Here is a picture of the last US President to try to print something other than FRNs and bring back the silver dollar:
http://www.geocities.ws/jfktruth/JFK3.jpg
Get the picture?
Who knows.
If you can't hold it.......
I have 7 of there ounces....they aint getting it back either.
I don't know... bringing "freedom" to Switzerland could actually be much more hazardous to the financial health of thousands of members of TPTB.
Not really something I'd think they'd tangle with. Now, chemtrails made with the blood of ebola victims over swiss skies, maybe that's a little more plausible.
http://modernwomandigest.com/jacksonville-florida-teacher-suspended-shoc...
NOBODY keeps money in the USA or Europe anymore; after Cyprus the money left europe.
Fine if the USA didn't want Switzerland to be the
'safehouse' for good money; Asia does; Hong-Kong and Singapore are doing just fine taking in all this good money;
Also of course ASIA is buying and holding all the gold; I think only the DEAD doesn't realize that EUROPE/USA is already dead;
Ron Paul we love; but he's stuck running on his 1970's geopolitical mantra that made him what he is;
A few year ago when the SWISS fixed their CHF to the EUR; They fucked themselves in the ARSE forever;
It's been game over for years in Europe; Last place
earth a man with WEALTH would even consider keeping his wealth.
I dunno. One good thing about this being Switzerland, they'll have a pretty hard time fomenting violent NGO backed protests there. I don't think any kind of fake 'populist uprising' attempt is going to work there. They are not Ukraine, Libya, or Syria. Wouldn't put it past this regime to try though. I sure would love to see a country like Switzerland actually take a stand against these people and say 'no more'. Obviously no one else in Europe will.
Every man in Switzerland has a 'machine gun' at
home as well;
Probably the only country on earth where the
Government trusts its own people;
Imagine that?
I I were the SWISS I would build a Great Wall like
China and keep the USA/UK/EU parasites OUT.
Swiss still makes shit; They still have a talented labor force; they still have what it takes; They have human capital and not 'human parasites';
The GOLD question is anytime SWISS wanted GOLD they could easily BUY GOLD with printed CHF in SINGAPORE.
How much do they need? Their money is already tied to GOLD unlike USA.
The Swiss need a lot of skillful people from outside: engineers, doctors, nurses,... The shortage is important in some areas. Then the point is attracting only highly skilled guys and leaving the rest outside. That improves their competitiveness, which is by the way already the highest in the world and the source of their high standard of living:
http://www3.weforum.org/docs/WEF_GlobalCompetitivenessReport_2014-15.pdf
And their money is nowadays attached to the EUR... that's what they decided some time ago but i predict it will not last forever.
Power to the people. Ha! Fat frackin chance,..fat frackin chance
Well..the short answer is no. .
The reason is simple..the low info crowd (most voters) have been conditioned to think that RP is a kook. If hes for it..they shld be against it..or apparently thats what they want you to believe. Now..wether or not RP is a patsy..paid to act like a kook is hard to tell..but youd think that anyone who says what he says..and asks what he asks..woulda been knocked off by now. But no, he gives a clear message with the 'gold is money' and 'end the fed' routine.. that they just make him out to be a kook (wether planted or not , doesn't matter) so anyone dare even repeat what he said...you guesed it-also a kook.
I dont understand how everybody seems to forget that the people in charge aren't just 2 steps ahead...they are hundreds of steps ahead of EVERYONE.
So dont think that they can be tripped up ..or make mistakes..they see things turnin a certain way, and go with plan Bb, or plan ZZZ..or plan zzzxxxerthep. They already know the outcome of anydirection the sheeple/economy/wars/world may go..and are going to get the good end every time.
my roomate's sister-in-law makes $72 hourly on the laptop . She has been out of a job for 6 months but last month her payment was $18482 just working on the laptop for a few hours. use this link... www.payvalt.com
When are they going to learn?
A slap in the face just won't do.
Gotta use lead...
No Ron...they wont get it back. Its been fractionalized away by ziopedeophiles.
Unfortunately.
RIPS
They can vote all they want. Voting to get their gold back and actually getting their gold back are two different things.
Ask Germany.
They won't get their gold back but it will reveal for all time to all who are paying attention that central bankers are liars and thieves. I suspect a media blackout on this should the vote come back as "yes".
" but it will reveal for all time"
...but it will reveal once again...
There..., fixed it for you.
Yep, the Demcrat's voted for 'change' by way of OBAMA, and look what they got?
Reminds me of the JOKER in Batman;
"OBama said he would take you places, ... He never said they would be GOOD places"
"If VOTING made a god-damn shit, or could change a damn thing, the elite would have made voting illegal a long time ago" - EMMA GOLDMAN, 1918
-Mark Twain, 1905
I have been considering closing my Swiss account and putting the funds in an Israeli bank. No chance of the US gov't forcing them to share account holder info.
Actually, smaller independent Swiss banks still protect their clients privacy and they are generally well run. It is the larger banks with international branches that are high risk money pits. Most of the bigger Swiss banks are insolvent anyway so why put your money there?
Yes, well..., I plan on moving my account from the local credit union to a small Swiss bank, but I'm still waiting for my toaster to show up.
Toaster is so seventies!
Brilliant comment!
1st laugh I've had today! Thanks
referundum on gold? what gold?
So has anyone worked out how much Gold in Principle the SNB would need to buy to be back in balance against the billions of Swiss Francs they have printed?
They pegged to 1.2 euro to stop the run to them because people thought they were responcible. Imagine the run if they gold back themselves. They might as well close the factories now
They pegged to 1.2 euro to stop the run to them because people thought they were responcible. Imagine the run if they gold back themselves. They might as well close the factories now
Dupe
Due to the difficult logistics involved, the NY Fed will deliver 2 Gold Eagles per year until all our your gold is returned.
Good for USPS I suppose.
Beginning in the year 5978
Here's our future bitches... the swiss are relatively safe.
https://www.youtube.com/watch?v=PJQKJqGC7w0
Kyle Bass has been quite lately. He must be spending more time on his Texas Fuck The Federal Government Compound. Oh damn now that I said that I realized that Obama probably already has his drone Kyle Bass order filed with Eric Dick Holder.
Maybe the Swiss should riot, burn and pillage to send a message to the elites that bad policies do have consequences.
Oh no wait - sorry, I was getting the West mixed up with the Arab Spring. Nothing like that could ever happen here, 'cause we're way too civilized and such. Besides, the govt has all those trillions of hollow-points and bullet-proof vests are outlawed. Can you say, "scrood"?
If I remember correctly, there was a great deal of civil unrest leading up to the current Swiss constitution (or perhaps a previous version), probably one of the most democratic in the world, which includes nation-wide referenda, making this article somewhat of a head scratcher.
Yeah, and there's a proposition in CA that, if passed, which is going to allow CA residents to play lottery scratchers and win a hot, passionate tromp with Feinstein.
Ron Paul should be asking more poignant questions...but to his son, such as, "Since when did you strap those PTB/MIC schnizel sucking kneedpads?"
When are they going to realize this gold hoarding is senseless? There's only one ounce of the stuff per person on earth. If everyone hoards their one ounce, there is no gold to be used in trade. What does that mean? Well it sure doesn't mean trades will be backed by gold ... and that's what Ron Paul thinks he wants.
We have the Keynesians who ruin the medium of exchange (MOE) by counterfeiting it. Then we have the so-called "sound money" people who ruin the MOE by hoarding it.
And all this while the MOE is obviously "promises to complete trades". If you manipulate the MOE, you manipulate trade. Manipulated trade is "not" free trade.
Money backed by gold or other commodities is not the same as trading in gold. Our currency was once able to be converted to gold, but that didn't mean people traded in gold coins.
We learn addition and subtraction in 1st and 2nd grade. If all trading instruments are backed in gold, the value of gold would be astronomical ... and everyone in the universe would be going about digging for gold.
What part of "there's not enough of the stuff" and "that amount can never match the dynamics of trades in progress" do you not get?
Ah you get it. With Gold at $50,000 there would only be one job globally, strip mining everything. Oh and Tailors because a good suit is always worth 1 oz.
Money backed by gold or other commodities is not the same as trading in gold.
Oh really? And just how does it differ? You're obviously dealing with a meaning of "backing" foreign to common sense.
Dear Swiss,
Your gold is in China.
The Rothschild banksters.
An American, not US subject.
Hope it squeaks by 99-1 against more sales.
Having said that, that is one weird-ass referendum.
Their gold is partially stored on Jamie Dimon's island.
Gold is garbage. Honestly, with such a strong dollar I'm surprised gold is above $500.
I guess if they print enough US ponzibucks then gold will eventually go to zero? Makes sense to me.
I pray no one is imbecile enough to ever vote for that schizophrenic, Ron Paul. The guy even makes foam when he talks about Obama. Thanks to Obama his 401k tripled since 2009
Fuck you tony. Print enough shit and anything will go up. Except gold? As for imbecile, go find a mirror.
MDB?
Tony Stewart, you forgot the /s at the end of your post. ;-)
How much gold will you have stacked when your fiat reaches ZERO?
Good luck stealing that French gold. That's backed up by the French State itself...and yes they have invaded before and yes they will invade again...although I fail to see that as necessary.
This is just pure speculation on my part but in my view this is the true purpose of NATO...to make sure those who pony up (in the form of full measure of devotion) get their gold back whenever they want to.
You can of course get new gold as well.
I think that is the lesson for Germany and her "repatriation issues."
France has played ball...and still is...since 9/11.
Solution = Kick the joos out of the Swiss banking system!
Another black swan waiting in the wings. If one country defines it's currency by gold, well, a landslide may follow?
Other black swans - Syria
Catalonia
Ukraine
Scotland
We truly are on the precipice. Each morning that we awaken may bring advice of calamity.
You really have to hand it to RP. He is a gentleman, but he doesn't pull many eonomic punhes.
Too little, too late. Once you sell out, there's no turning back. Losers.
diebold will see to it that the swiss people remain peons in the hands of their masters.
Please just remind me what unfamous organisation located in Bazel, and why Hitler never occupied this country?
B (i) S
Es wer eine wahnzenig schone sache im meine meinung! Liebe die Schweiz! Vergessen Sie Basel.
Guess who a <> beautiful thing in my opinion. Love the Swiss (gender? schweizerisch?)! To forget you Basel.
If I spoke German I would at the end of the sentence my verb put.
Gut gemacht!
"Vergessen Sie Basel." = Forget (about) Basel. "Sie vergessen Basel." = You forget (in the sense of miss/leave out) Basel.
Two slightly different meanings.
Swiss banks are currently buying tonnes of gold spray paint.
WTF?